ECON 306
Penn State
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Econometrics review
- Exam (elaborations) • 4 pages • 2024
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Model Specification: Importance of correctly specifying the functional form and dealing with omitted variable bias.
Dummy Variables: Use of binary variables in regression models to capture qualitative effects
Exam (elaborations)
Econometrics review
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Model Specification: Importance of correctly specifying the functional form and dealing with omitted variable bias. Dummy Variables: Use of binary variables in regression models to capture qualitative effects
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